Azerbaijan State Oil Fund announces drawing of foreign managers to run 5% more of its assets
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has announced the attraction of foreign managers to run another 5% of its assets.
SOFAZ reports that its investment policy for 2012 allows investing up to 5% of Fund’s investment portfolio in stocks.
"At primary stage organization and management of investments in shares will be carried out by foreign managers," the SOFAZ says.
The Fund has undertaken to place announcement on the selection of foreign managers at its website www.oilfund.az/
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